Pages in this set

Page 1

Helena Bonici Geography 31/01/2012
13EA2 Globalisation

TRADE VS. AID
1. Free trade: policy in which a government does not discriminate against imports or interfere
with exports. A free-trade policy does not necessarily imply that the government abandons
all control and taxation of imports and exports, but rather that it refrains…

Page 2

Helena Bonici Geography 31/01/2012
13EA2 Globalisation

Non-Governmental Organisation: From NGOs, like World Vision, the Red Cross
and Oxfam, all provide aid via donations given by citizens of more
developed countries rather than governmental basis. Consequently,
they have less economic gain when providing aid, which is why they
generally bypass the…

Page 3

Helena Bonici Geography 31/01/2012
13EA2 Globalisation

create projects in the local communities to help raise quality of life e.g. a water pump because
there is a `social premium'.
Similarly, it hopes to increase trading between the less developed country and those countries
more developed, by increasing productivity as well as…